Tax Code

Here's Why Half Of Americans Don't Pay Income Tax

CNNMoney | Jeanne Sahadi | Posted 04.26.2012

Read More: Income Taxes, Paying Taxes, No Taxes, Tax Refunds, Tax Returns, Tax Day, Tax Day 2012, Tax Reform, Tax Codes, Tax Code, Money News

NEW YORK (CNNMoney) -- It's a provocative fact about the tax code: Nearly half of U.S. households end up owing no federal income tax. But it's not ...

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The Economic Impact of Raising Taxes on High-Income Households

Jared Bernstein | Posted 04.25.2012

Read More: Tax Day, Congress Tax Reform, Tax Code, Trickle-Down Economics, Capital Gains Taxes, Trickle Down, Taxable Income, Tax Raise, Capital Gains Tax Rates, Raising Taxes, Business News
Jared Bernstein

Although tax increases on high-income individuals might reduce their saving, if the revenue generated is devoted to deficit reduction, the resulting increase in public saving is likely to more than offset any reduction in private saving.

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The Quest for the Perfect Political Panacea

Tom Gerdy | Posted 04.17.2012

Read More: Professional Politicians, Laws in Affect, Small Businessmen, Presidential Platform, The Declaration of Independence, Founding Fathers, Lawyers, Term Limits, Broken System, Presidential Candidate, Tax Code, Tom "The Carpenter, Politics News
Tom Gerdy

I didn't want it to come to this, but I have been pushed to my limit. I am announcing my candidacy for the presidency of the United States of America....

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A Fair Tax for Progressives

Mark J. Perry and Robert Dell | Posted 04.18.2012

Read More: Ryan Budget, Tax Code, Fair Tax, Fair Tax Paul Ryan, Consumption Tax, Progressive Tax, Tax Reform, Regressive Tax, Business News
Mark J. Perry and Robert Dell

The current tax code destroys wealth and diminishes wealth creation excessively, but it does not effectively tax wealth (in the sense of raising revenue). The FairTax would tax spending from wealth in addition to fostering more wealth creation.

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Most Americans Have This To Say About The Tax Code

The Huffington Post | Bonnie Kavoussi | Posted 04.18.2012

Read More: Tax Code Unfair, Taxes, Tax Code Benefits the Rich, Video, Tax, Cnn, Tax Day 2012, Tax Day, Tax Code Is Unfair, Tax-Day, Tax-Day-2012, Tax Code Unfairly Benefits the Rich, Unfair Tax Code, Tax Code, Benefits the Rich Tax Code, Business News

As Americans scramble to send in their taxes, some are deriding the tax code's priorities. Nearly 70 percent of Americans say they think the curr...

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Titanic Tax Shirking by Those in First Class

Leo W. Gerard | Posted 04.16.2012

Read More: U.S. Rep Paul Ryan, Bush Tax Cuts for the Rich, Tax Code, President Obama, Mitt Romney, Warren Buffett, Medicaid, Medicare, Buffett Rule, Ryan Budget, Barack Obama, Taxes, Congress, Paying a Fair Share, Paying a Fair Share Act, Bush Tax Cuts, Income Tax, 112th Congress, Business News
Leo W. Gerard

The 99 percent must insist Congress pass the Buffet Rule. They must render tax shirking by those in first class as unacceptable as driving with a pet dog strapped to the car roof. The survival-of-the-richest attitude is bad for the country and antithetical to democracy.

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A Time Bomb of a Tax Code

Christopher Bergin | Posted 06.02.2012

Read More: Taxes, Tax Code, US Tax System, Capital Gains Taxes, Payroll Tax Cut, Bush Tax Cuts, Money News
Christopher Bergin

If Congress and the president do nothing about our tax system between now and the end of the year, here are just a few things in the tax law that will blow up.

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How Do The Rich Change When You Raise Their Taxes?

The Huffington Post | Alexander Eichler | Posted 03.27.2012

Read More: Taxes, 1 Percent, U.S. Economy, Video, Tax Rates, Federal Budget Deficit, Tax Cuts, Warren Buffett, Tax the Wealthy, Tax the Rich, Tax Breaks, Slidepollajax, Tax Code, Buffett Rule, Business News

The rich are responsible for creating most of America's jobs. Raise their taxes and many of those jobs will disappear -- so say the rich, anyway. ...

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Payroll Tax Cut Extension: Just Another Quick Fix

Christopher Bergin | Posted 05.26.2012

Read More: Taxes, Tax Code, Barack Obama, Congress Tax Cuts, President Barack Obama, Payroll Tax Cut, Bush Tax Cuts, Tax Cuts, Short Term Tax Cuts, Obama Tax Cuts, Politics News
Christopher Bergin

Politicians are counting on the fact that the American public wants instant gratification and is more concerned about today than the potential long-term solvency of Social Security or the bill we are leaving our children and grandchildren to pay.

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The Buffett Rule: It's About Restoring Tax Fairness

Tammy Baldwin | Posted 05.26.2012

Read More: Wisconsin Senate, Sheldon Whitehouse, Tammy Baldwin Senate, Ronald Reagan, President Barack Obama, Tammy Baldwin, President Obama, Warren Buffett, Barack Obama, Buffett Rule, Taxes, Video, Tax Code, Income Inequality, Millionaires Tax, Politics News
Tammy Baldwin

It may surprise a lot of people to find Ronald Reagan, Barack Obama, Sheldon Whitehouse and I on the same side of anything. But with an issue like this that makes so much sense the real question is, why does today's right wing disagree?

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Tax Breaks Now Roughly Same Size As Federal Budget Deficit

The Huffington Post | Alexander Eichler | Posted 03.26.2012

Read More: Capital Gains Tax, Taxes, Video, Social Security, Capital Gains Taxes, Mitt Romney, Tax Cuts, Medicare, Capital Gains, Tax Breaks, Tax Code, Business News

Take all the tax breaks in the U.S. tax code and put them together. You'll find that they add up -- and up and up. That's the conclusion of a re...

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Zach Carter

Obama To Fix Bush Tax Loophole, Help U.S. Manufacturing

HuffingtonPost.com | Zach Carter | Posted 02.23.2012

Read More: Deficit, Video, Bush, Trade, Oil Subsidies, Economy, Tax Cuts, Banks, Manufacturing, Jobs, Obama, Corporate Taxes, Tax Code, Hollywood, Politics News

WASHINGTON -- The Obama administration's corporate tax rate overhaul received lukewarm reviews from economists for its promise of explicit corporate p...

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Cracking The Tax Code: Seven And A Half Things To Know

The Huffington Post | Mark Gongloff | Posted 02.22.2012

Read More: Mark Gongloff Things to Know, Seven and a Half Things You Need to Know, Greece, Seven and a Half Things, Stocks, Stock Market, President Obama, Dow 13000, 7 1/2 Things, Seven and a Half Things to Know, 7.5 Things, Corporate Taxes, Dow, Tax Code, Things You Need to Know Today, Business News

Thing One: Cracking The Tax Code: President Obama will try to swipe the political football away from his GOP rivals today by proposing a tax cut for c...

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Spill Cleanup? Just a Cost of Doing Business?

Jackie Savitz | Posted 04.01.2012

Read More: Taxes, Tax Code, Congress, Gulf of Mexico Oil Spill, Bp, Tax-Cuts, Subsidies, Tax Breaks, Gulf Oil Spill, Transocean, Legislation, Politics, Politics News, Oil Industry, Big Oil, Hastings, Treasury, Oil, Our Oceans, BP Oil Spill, Oceans, Bill, Green News
Jackie Savitz

Congress and the Administration should be doing much more in response to the Gulf Spill. But at the very least passing the Oil Spill Tax Fairness Act would be a good first step.

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Why Are Romney's Investments Taxed At A Lower Rate?

AP | By STEPHEN OHLEMACHER | Posted 01.27.2012

Read More: Mitt Romney Tax Rate, Mitt Romney Taxes, Tax Rates, Capital Gains Taxes, Business News, Investment Income Tax Rate, Marginal Tax Rates, Investment Income, Tax Code, Video, Business News

WASHINGTON -- Why do Mitt Romney and other wealthy investors pay lower taxes on the income they make from investments than they would if they earned t...

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Buffett: 'My Side Has Nuclear Bomb' In Tax Code Struggle

The Huffington Post | Harry Bradford | Posted 03.27.2012

Read More: Taxes, Video, State of the Union 2012, President Barack Obama, Mitt Romney, New York Times, Warren Buffett, Bill Gates, ABC News, Tax Code, Buffett Rule, Business News

Warren Buffett has a lot that his assistant Debbie Bosanek does not, including a figurative arsenal to fight for lower taxes. After ABC interview...

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Political Gridlock, Poor Eduction Making U.S. Less Competitive: Survey

Reuters | Posted 03.19.2012

Read More: U.S. Economy, Video, Archer Daniels Midland Co, Economic Competition, Novartis AG, Reuters, High Unemployment, Economic Recovery, Harvard Business School, Corporate Taxes, Kraft Foods Inc, Tax Code, Business News

* 71 percent say U.S. to be less competitive * Political gridlock, education, tax code key worries * Survey polled Harva...

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Dan Froomkin

The American Social Welfare State Means Relief For (Almost) Everybody

HuffingtonPost.com | Dan Froomkin | Posted 01.14.2012

Read More: Entitlements, Video, American Welfare State, Social Security, Mitt Romney, Welfare State, European Welfare State, Tax Expenditures, Tax Code, Barack Obama, Social Welfare State, Politics News

WASHINGTON -- Republican presidential contender Mitt Romney has taken to accusing President Barack Obama of trying to turn the United States into a Eu...

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Two Million Reasons To Start (Or Invest In) A Company Today

Jason Finger | Posted 02.12.2012

Read More: Taxes, Small Business, Small Business Jobs Act, Capital Gains Taxes, Small Business Investing, Venture Capital, Small Business America, Investing, Startup Investing, Capital Gains, Entrepreneurship, US Tax Code, Entrepreneur, Tax Code, Small Business News
Jason Finger

Get off of the fence and start (or invest in) a business, because if someone invests in a qualified small business between now and the end of this year and holds that stock for 5 years and sells it, any gain is TAX FREE.

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Seven Charged In Huge Florida Tax Fraud Scheme

AP | Posted 12.07.2011

Read More: Video, Internal Revenue Service, Business News, Florida Tax Fraud Scheme, Tax Evasion, Tax-Schemes, Tax Fraud, Tax Code, Tax Fraud Schemes, Business News

FORT LAUDERDALE, Fla. -- Seven people are facing federal tax fraud charges in Florida in a $120 million scheme authorities say involved clients in 30 ...

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Republicans Reveal Tax Plan

AP | STEPHEN OHLEMACHER | Posted 01.17.2012

Read More: Taxes, Debt, Itemized Deductions, Boehner, John Boehner, Standard Deduction, Deficit Reduction, Mortgage Interest, Gop Tax Plan, Charitable Deductions, Eric Cantor, Deficit, Video, Cantor, Super Committee, Toomey, Pat Toomey, Republican Tax Plan, Tax Code, Mortgage Interest Deduction, Politics News

WASHINGTON — Millions of taxpayers who take advantage of deductions for mortgage interest, charitable donations and state and local taxes would ...

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Restoring the American Dream

Rep. Adam Smith | Posted 01.09.2012

Read More: Warren Buffett, Education, Income Inequality, Tax Code, Financial Reform, Infrastruture, We Are the 99 Percent, Wealth Disparity, Politics News
Rep. Adam Smith

We must look closely at the policies most responsible for leading us to this economic position. Then, we must make specific proposals for how to change those policies and reverse the current economic trends.

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Refined Tax Code Will Stimulate Entrepreneurship

Kristie Arslan | Posted 01.03.2012

Read More: Taxes, Self-Employment, Tax Code, Small Business, Self-Employed, Tax, National Association for the Self-Employed, Health Insurance, Entrepreneurs, Business, Business News
Kristie Arslan

A corporation is able to write off its employees' health insurance, lowering its taxable income. Self-employed business owners, on the other hand, must pay for health insurance with post-tax dollars.

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Thirty Of America's Most Profitable Companies Paid 'Less Than Zero' In Income Taxes In Last 3 Years: Report

The Huffington Post | Jillian Berman | Posted 01.03.2012

Read More: Taxes, General Electric, Wells Fargo, Tax Loopholes, Business News, Tax Cuts for Corporations, Corporate Taxes, Tax Subsidies, Tax Code, Video, Business News

Many major corporations have managed to pay taxes at just over half of the corporate income tax rate, according to a new report. Nearly 300 of the...

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Innovation Plus Job Creation = National Self-Employment Initiative

Kristie Arslan | Posted 12.06.2011

Read More: Self-Employment, Small Business, Self-Employed, Economy, Tax Code, President Obama, Small Business News
Kristie Arslan

Washington is awash in rhetoric about the importance of America's small businesses as engines of economic recovery, but there is little to no action coming out of the policy arena to help these businesses actually fuel economic growth.

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